FactoringClub's 'Best Factoring Company of 2018' Award
We are very excited to announce that SouthStar Capital has been awarded the ‘Best Factoring Company of 2018’ by the FactoringClub! This award was based on SouthStar’s terms and features, customer service, location, and overall excellence.
Invoice Factoring with SouthStar
Whether you are an established business or just getting started, insufficient cash flow can cripple your operations and growth capabilities. Traditional institutions often do not view your company’s Accounts Receivable (invoices) for what they are, an asset! SouthStar Capital does not see through the eyes of traditional lending institutions and can turn your invoices into working capital. This takes away the concern of making payroll, paying vendors/suppliers, and securing growth capital, so you can focus on what’s important, growing your business.
When factoring with SouthStar, we will advance up to 90% of the amount of your outstanding invoices. After initial funding, you will receive working capital within 24 hours of us receiving an invoice. We do not impose limits on your monthly receivables, so this process can be repeated as often as you produce an invoice. Factoring is very beneficial to companies whose clients pay on terms. Instead of waiting 30, or even 60, days for your clients to pay, factoring allows you to free up cash flow for immediate use. Factoring is not a loan, so no debt is added to your balance sheet and the funds are unrestricted, so you have the flexibility to use them how you wish.
What to Expect with Invoice Factoring
As client of SouthStar’s Invoice Factoring solution, you will be assigned a personal account manager who will handle collections, payment processing, and customer credit approvals, allowing you to focus on your business. With factoring, we look at the credit history of your customer, not your company or personal credit history. Years in business does not influence our decision to finance, making factoring great for start-ups. Once established with SouthStar, you will receive same-day funding on submitted invoices. This gives you access to unlimited working capital, right when you need it. Factoring also allows you to extend longer payment terms to clients and grow your business.